Web401(k) 457; FAQs Forms. Eligible participants include actively IRS Contribution Limits; Key Features of 8:30 a.m. to 5 p.m. weekdays exceptstate holidays, Lansing Area: 517-284-4400 WebThe state of Michigan provides access to Voya Retirement Advisors, LLC (VRA). You're a member of the Defined Benefit (DB) plan if you were hired before March 31, 1997, and you: State Employees' Retirement System Defined Benefit plan website.

This board provides oversight of the Defined Benefit plan in the State Employees' Retirement System. Began your state employment under the Defined Benefit (DB) plan and chose to transfer to the DC plan under Public Act 487 of 1996. Current laws, rates, and factors are subject to change. If you have been contributing to the state-sponsored 457 or 401 (k) plans, the 401 (k)/457 plan administrator will send you its Payout Guide once your termination is Final distribution checks are mailed first class within three business days of receiving your signed forms. WebActivities and Societies: Grand Valley State University Health Information Management Society 2015-Present, Sigma Sigma Sigma- Epsilon Gamma at Grand Valley State University January 2014- August 2015 Participants in this plan receive a 4% gross pay contribution by the State of Michigan. Voya is a leading provider of pension plans and was selected by the state to administer the 401(k) Defined Contribution plan and the 457 Deferred Compensation plan. Questions about the plan in general or the participant's specific account questions can be answered by calling the Voya toll-free number 800-748-6128or by visitingits website. The Michigan Office of Retirement Services administers two different retirement plans for State of Michigan employees: a Defined Benefit plan and a Defined Contribution plan. To download the desired package, simply click on its title in the following WebFrom Anthony's desk Notes from ORS Director Anthony Estell. Please update to a modern browser such as Chrome, Firefox or Edge to experience all features Michigan.gov has to offer. In addition to recruiting and hiring state employees, the Civil Service offers employee training, including seminars on planning and investing for retirement. You're a member of the Defined Benefit (DB) plan and a participant in the Defined Contribution (DC) plan if you: If you returned to state employment on or after Jan. 1, 2012, go to Returning to State Employment to find out how your retirement benefits are affected. Lansing, MI 48909-7671, Public School Employees' Retirement System collapsed link, State Employees' Retirement System collapsed link, State Police Retirement System collapsed link, Public School Employees' Retirement System, https://dev.michigan.local/som/json?sc_device=json, Go to Public School Employees' Retirement System, Michigan Public Schools Employees Retirement System, Michigan State Employees Retirement System, Annual Comprehensive Financial Reports (ACFRs).

Welcome to your March 2023 issue of the Proactive newsletter.. Should there be discrepancies between the information reflected here and the actual law, the provisions of the law govern. Web401(k) State of Michigan 401(k)Plan To download the desired publication, simply click on its title in the following list. ORS is For more information, call the Plan Information Line at 800-748-6128 or go to Voya's website. WebFree Business profile for VOYA FINANCIAL PARTNERS LLC at 1 Orange Way, Windsor, CT, 06095-4773, US. About the State Employees' Retirement System. In order to protect your personal information, we automatically log you out of your account after a certain period of Should there be discrepancies between the information reflected here and the actual law, Web7,058 Retirement Solutions Advisor $65,000 jobs available on Indeed.com. Lansing, MI 48909-7671, https://dev.michigan.local/som/json?sc_device=json, contact the Michigan Office of Retirement Services, Michigan Public Schools Employees Retirement System, Michigan State Employees Retirement System. About this session Duration: 6 Voya also offers services like investment counseling and round-the-clock customer service. The Message Board is your secure link to an ORS customer service representative. Were newly hired by the State of Michigan on or after March 31, 1997. Voya Financial manages your 401 (k) or 457 plan. We are an innovative retirement organization driven to empower our customers for a successful today and a secure tomorrow. State of Michigan 401(k) and 457 Plans. IRS Contribution Limits; Key Features Enrolling and Savings. nav list Question : How quickly can I get my money when I make a request for Enrolling and Savings.

PO Box 30171 Separated participants can receive distributions no earlier than 45 days from their termination date. WebTo request the Payout Request Form For Participants please call the plan information line at 1-800-748-6128. Link to the Retirement Act for State Employees. Fax: 517-284-4416, Michigan Office of Retirement Services The State Employees' Retirement System is a statewide public employee retirement plan administered by the Michigan Office of Retirement Services. Use the information below to determine which plan(s) you belong to and the website link for that plan. Began your state employment under the DB plan, left, and then returned to state employment on or after Jan. 1, 2012, and before Jan. 1, 2014. WebVoya Financial is the third-party administrator for the State of Michigan 401 (k) and 457 Plans. Elected the DB 30 plan under Public Act (PA) 264 of 2011 and you have reached 30 years of service.

If Voya is unable to assist you, please contact the Michigan Office of Retirement Services. Web401 (k) Retirement Plan Overview In 1997, the State of Michigan adopted the 401 (k) Defined Contribution (DC) plan. 800-Number: 800-381-5111 The Office of the State Employer also manages the workers' compensation program for State of Michigan employees. Fax: 517-284-4416, Michigan Office of Retirement Services PO Box 30171 Voya also A non-profit organization for current and future retirees of the State of Michigan. 8:30 a.m. to 5 p.m. weekdays exceptstate holidays, Lansing Area: 517-284-4400 This business can be reached at (860) 275-2110 Please update to a modern browser such as Chrome, Firefox or Edge to experience all features Michigan.gov has to offer. Web401(k) State of Michigan 401(k) Plan To download the desired publication, simply click on its title in the following list. In order to protect your personal information, we automatically log you out of your account after a certain period of inactivity. 800-Number: 800-381-5111 The Employee Benefits Division of the Civil Service negotiates health insurance contracts for both active and retired state employees. WebVoya is the record keeper for your retirement plan. WebState of Michigan 401(k) and 457 Plans Skip to Main Content Skip to Footer State of Michigan 401(k) and 457 Plans Login Notice Your login attempt was unsuccessful Telephone Numbers: This state office oversees contract negotiations with bargaining units for the state workforce. You're a participant in the Defined Contribution (DC) plan if you: State Employees' Retirement System Defined Contribution plan website. Learn more about creating an emergency fund to help prepare for the unexpected. Session Timeout.

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The annual comprehensive financial reports contain a wealth of interesting figures and statistics about the State Employees' Retirement System. WebYour Retirement Plan Session Timeout. In 1997, the State of Michigan adopted the 401(k) Defined Contribution (DC) plan. the provisions of the law govern. Enrolling and Savings State of Michigan New Employee The retirement plan information that appears on this website is intended to summarize basic provisions of Public Act 234 of 1992, as amended. How can I stay The Message Board is your secure link to an ORS customer service representative. The web Browser you are currently using is unsupported, and some features of this site may not work as intended. This service provides you with advice professional, unbiased investment planning, WebState of Michigan 401(k) and 457 Plans The State of Michigan contributes an amount equal to 4 percent of pay into an account established for participants in the State of Participants in this plan receive a 4% gross pay WebState of Michigan 401(k) Plan To download the desired publication, simply click on its title in the following list. Voyasends account statements to participants each quarter. The first 3% participant contribution is matched by the state with another 3%. Its Employee Health Management Division assists employees with work-related illnesses and injuries. WebA. We are an innovative retirement organization driven to empower our customers for a successful today and a secure tomorrow. WebAfter the signed form is received and approved by Voya Financial, a check will be mailed within three business days. WebState of Michigan 401(k) and 457 Plans. Voya's mission is to guide Americans on their journey to greater retirement readiness and to make a secure financial future Designation of Beneficiary; Beneficiary Payout Request; Direct Deposit Agreement; Tax Withholding Certificate; Withholding Certificate for (You retain the DB insurance subsidy.). Current laws, rates, and factors are subject to change. Read the latest Connections, the newsletter we deliver four times a year to our retirees. 401K Plan: Participants in the 401K Plan who are employed by the State of Michigan or certain other State-related entities as determined by the Plan Administrator (excluding The retirement plan information that appears on Office of Retirement Services (ORS) websites is intended to summarize basic provisions of Public Acts 300 of 1980, 240 of 1942, 182 of 1986, and 234 of 1992, as amended. WebVoya Insights Small Business & Nonprofit Resource Center Workplace Benefits and Savings Webinars Cybersecurity SECURE 2.0 401(k) InfoCenter 403(b) Regulations The Voya Skip to Footer. The operation of the State Employees' Retirement System is controlled by the State Employees' Retirement Act, Public Act 240 of 1943, as amended. Apply to Financial Advisor, Customer Service Representative, Policy Advisor, International Climate Policy and more! Skip to Main Content. Elected the DB 30 plan under PA 264 of 2011 and you have not yet reached 30 years of service.

Elected the DB/DC Blend plan under PA 264 of 2011, and thus became a DC plan participant April 1, 2012. The web Browser you are currently using is unsupported, and some features of this site may not work as intended.

WebNext steps Create a budget using Voyas budget calculator. Web401(k) Plan and 457 Plan Forms. State Employee Retirees Association (SERA).

If you follow Michigan Office of Retirement Services (ORS) social media on Facebook and Twitter or checked your emails from Voya Financial, you may have noticed we took part in America Saves Week this month. Elected the DB Classified plan under Public Act (PA) 264 of 2011. Who is eligible to participate in the 457 Plan? In addition, participants can contribute their own money to the plan. The State of Michigan has a contract with Voya Financialto provide record-keeping and custody services for the 401(k) DC plan. Telephone Numbers: WebVoya is a leading provider of pension plans and was selected by the state to administer the 401 (k) Defined Contribution plan and the 457 Deferred Compensation plan. State of Michigan 401(k) and 457 Plans. Frequently Asked Questions.

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